Companies
Hindalco trades higher after record Q2; analysts hold Buy ratings despite target cuts
Reported by: BusinessLine ·
Summary
Hindalco shares moved after its Q2 results, and the outlets described the session differently. BusinessLine reported the stock traded higher, opening at ₹947.90, touching an intraday high of ₹960.70 and a low of ₹919.30, with 47.20 lakh shares worth ₹444.28 crore traded. Moneycontrol reported the shares dropped 3% after the results. NDTV Profit said the quarter brought a record profit, but brokerages are split on the aluminium outlook. Q2 means the July to September quarter, the second of India's financial year. A record profit means the highest the company has reported. BusinessLine also said analysts kept Buy ratings while cutting their targets; that is the analysts' view, not Hypeless's.
AI summary of what BusinessLine, Moneycontrol and NDTV Profit reported. AI can make mistakes. Read the full story on BusinessLine
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What each outlet wrote
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BusinessLine · · Tone -1
Hindalco trades higher after record Q2; analysts hold Buy ratings despite target cuts
The stock opened at ₹947.90, touched an intraday high of ₹960.70 and a low of ₹919.30. Buy orders accounted for 57.91 per cent of total activity, with traded volume of 47.20 lakh shares worth ₹444.28 crore.
Some headlines quote an analyst. Those views are theirs, not ours.
Key terms
Words in this story, explained in plain language in our Learn pages.
- Q2
Revenue, profit, margins and EPS: what the numbers in a quarterly result mean, why year-on-year and quarter-on-quarter differ, and what a headline can leave out.
Learn: How to read a company's results
Earlier coverage
What outlets reported about the same company before this story, newest first.
Moneycontrol ·
Moneycontrol ·
Moneycontrol ·
Hindalco shares drop 3% post-Q2 results; check what brokerages say
ET Now ·
Hindalco Industries shares fall 3.5% intra-day; Morgan Stanley retains rating - Here's why
ET Now ·
Hindalco Industries shares fall 3.5% intra-day; Morgan Stanley retains rating - Here's why
Moneycontrol ·
Trade Spotlight: How should you trade Hindalco, DCB Bank, Angel One, International Gemological Institute,...
Ask Hypeless about this story
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- What happened here, in simple words? Hindalco trades higher after record Q2; analysts hold Buy ratings despite target cuts
- Where do the outlets differ in how they report this? Hindalco trades higher after record Q2; analysts hold Buy ratings despite target cuts
- What does "Q2" mean?